Form 4: Local Bounti CEO Craig M. Hurlbert Reports Share Transaction

Craig M. Hurlbert, CEO of Local Bounti Corporation, reports a transaction involving the withholding of shares for tax liability and indirect ownership through Wheat Wind Farms, LLC.

Summary

• On February 1, 2025, Craig M. Hurlbert, the CEO of Local Bounti Corporation, reported a transaction on Form 4.
• The transaction involved the withholding of 11,543 common stock shares at a price of $2.2 per share to cover withholding tax liabilities.
• Following the transaction, Hurlbert directly owns 289,596 shares of Local Bounti common stock.
• Hurlbert also indirectly owns 1,177,386 shares through Wheat Wind Farms, LLC, where he serves as Member-Manager.
• Hurlbert disclaims beneficial ownership of the shares held by Wheat Wind Farms, LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment.

Management Comments

• The Reporting Person disclaims beneficial ownership of such shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.

Industry Context

This is a routine filing related to executive compensation and ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes.

Key Dates

Keywords

Form 4, Local Bounti Corporation, Craig M. Hurlbert, Share Transaction, Beneficial Ownership, Wheat Wind Farms LLC, LOCL